Startup Foundations
People who use or buy a product.
What are customers?
Organizations that provide funding, mentorship, and networking.
What are accelerators?
The amount customers pay for a product.
What is price?
Money earned minus expenses.
What is profit?
A ride-sharing company that lets users request rides through an app.
What is Uber?
A newly created company designed to grow quickly.
What is a startup?
Ownership given to investors in exchange for funding.
What is equity?
A pricing strategy where users pay monthly or yearly.
What is a subscription?
The total number of people who sign up for a product.
What are users?
A startup focused on using AI robots to do physical tasks.
What is Dexterity?
The simplest version of a product built to test an idea.
What is an MVP (Minimum Viable Product)?
The most prestigious accelerator.
What is Y Combinator?
A model where the base product is free but upgrades cost money.
What is freemium?
Money earned by a startup from customers.
What is revenue?
A nurse-led healthcare improving healthcare workflows.
What is ShadowNurse?
Changing a startup’s strategy or idea based on feedback.
What is pivoting?
Individuals who invest their own money into early-stage startups.
What are angel investors?
The definition of a business model.
What is "how a company makes money"?
The measure of whether users keep coming back to a product.
What is retention?
A company whose original name was “BackRub.”
What is Google?